On completion, Bhogapuram Airport will strengthen connectivity, fuel economic growth, and generate jobs, shaping Andhra Pradesh’s regional development. Marking a major milestone towards operational readiness, the upcoming Bhogapuram Airport in Visakhapatnam successfully conducted its validation flight on Sunday. Andhra Pradesh’s new greenfield international airport is being developed by GMR Aero‑led GMR Visakhapatnam International Airport Ltd...
Tag: GMR Infrastructure
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GMR Infra posts Rs 382 crore Q3 loss
GMR Infrastructure has reported a standalone net loss of Rs 381.93 crore for the quarter ended December 2016. The company posted a net profit of Rs 40.01 crore in the corresponding quarter of the 2015-16, it said in a BSE filing.
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GMR InfrA arm submits bid for GreeK airport
GMR Infrastructure´s subsidiary, GMR Airports (GAL), has submitted a bid along with its partner GEK Terna Group of Greece for the development
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GMR Infra gains after subsidiary sells stakes in transmission projects
GMR Infrastructure rose 1.27 per cent to Rs13.54 on the BSE after the company´s subsidiary entered into definitive agreements with Adani Transmission to transfer the interest in its transmission projects.
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Financial bids invited for Navi Mumbai airport
The City and Industrial Development Corporation (CIDCO) has invited financial bids for the proposed Navi Mumbai airport.
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Fraport looks to exit Delhi International Airport venue
Germany´s Fraport is looking to sell its entire stake in DIAL, a joint venture operating the IG International Airport in the national capital.
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Kakinada SEZ to turn into Chinese hub
Kakinada SEZ, a subsidiary of GMR Infrastructure will turn into a Chinese manufacturing hub sprawled across 2,000 acre
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GMR Infra to raise Rs.4,000 cr
GMR Infrastructure plans to raise Rs 4,000 crore by FY16 through divestment of assets and share sale to reduce debt and ease cash flow. The loss-making infrastructure company plans to divest projects, monetise land assets and sell stake at holding company level to raise funds.
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GMR bags rail doubling work
A consortium led by GMR Infrastructure has won three construction packages of rail line doubling of the Multi Modal Transport System (MMTS) Phase II works on the Secunderabad division of South Central Railway. Rail Vikas Nigam Ltd
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GMR to build airport in Philippines
GMR Infrastructure has made an upfront payment of 14.4 billion Philippine pesos (about $320 m) and signed the concession agreement to develop and operate the Mactan Cebu International Airport in the Philippines.